Generally, the purchase of private equity funds will generate the following expenses: subscription and subscription fees (generally 1%) will be charged for the purchase of private equity funds (some private equity funds will not be charged); This is an extra charge. That is, to subscribe for 1 10,000 yuan, investors need to pay 1 0/10,000 yuan, and the extra110,000 yuan is the subscription fee. Of course, there are also products that don't charge subscription fees, such as the monthly profit 1 invested by Pu Yuan. The redemption fee is charged during the closing period, but not during the development redemption period; However, it should be specially reminded that the liquidity of private equity funds is far less than that of Public Offering of Fund, so it is not suitable for investors with high liquidity requirements. Most private equity funds have a closed period of at least 6 months, during which redemption is not allowed, or redemption requires a higher rate of about 3%. For example, Star Stone 3 cannot be redeemed within 6 months after subscription. The transition period is 6 months to 1 year after subscription, and the redemption rate is 3%. 1 year There is no redemption fee after the closure period. In addition, after the closure period, private equity funds can't be redeemed every day, and they need to go through redemption procedures on the designated redemption date, usually once a week, twice a week or once a month. In addition to the subscription fee, there are two other fees-fixed management fee and custody fee, and floating management fee. The former is generally between 1.5%-2%, while the latter's private products are basically around 20%. Floating management fee is commonly known as performance commission. When private equity funds generate profits, private equity fund managers will extract 20% of the profits as a return. This excess performance fee can only be withdrawn after the private equity fund hits a new high every time.